Why is Eveready Inds. falling/rising?

As of 02-Sep, Eveready Industries India Ltd is experiencing a rise in its stock price, currently at 450.60, reflecting an increase of 16.25 or 3.74%. The stock has shown strong performance recently, gaining 8.06% over the past week and 9.52% over the past month, significantly outperforming the Sensex, which has declined by 0.78% and 0.55% respectively during those periods. Additionally, the stock has been on a consecutive gain streak for the last four days, reaching an intraday high of Rs 454.85. Despite a decrease in delivery volume, the company maintains high management efficiency with a return on capital employed (ROCE) of 18.23%, and it has reported positive results for the last nine consecutive quarters, indicating strong operational performance.
In the broader market context, while the stock has outperformed the benchmark in the short term, the Sensex has shown a modest increase of 2.58% year-to-date compared to Eveready's impressive 14.77% gain. The stock's fair valuation and trading at a discount compared to peers suggest that it remains attractive to investors, despite a slight decline in investor participation. The positive financial metrics, including a significant rise in profits and a favorable PEG ratio, further support the stock's upward movement, indicating that investor confidence remains strong in light of the company's consistent performance.